Rīga airport showdown for startup hopefuls

On November 29th, the day before the influential technology, startup, policy and lifestyle Digital Freedom Festival opens, the Magnetic Latvia business center at Rīga International Airport will host what organizers call "an unprecedented startup experience event".

The “Startup Bootcamp Powered by Magnetic Latvia” will be a continuation of the “Minsk - Riga Startup Train” hackathon, previously reported by LSM, in which joint teams with participants from Latvia and Belarus took a five-day train journey in August.

Latvian Investment and Development Agency (LIAA) Director Andris Ozols explained the new event saying: “We want to immediately accomplish two goals – provide access to experienced mentors who are ready to share their knowledge and skills, as well as continue successful cooperation with promising startup teams from Belarus.”

The “Startup Bootcamp” event will include teams from Belarus and Latvia. Over the day they will have the opportunity to receive support and consultations from international mentors and investors flying into Riga airport on November 29 to participate in the Digital Freedom Festival on November 30th and December 1st.

The top three “Minsk - Riga” teams will participate in the event: digital prototype development tool “Artyline” from Belarus, VAT compliance platform “LoVAT” from Latvia, statistics and analysis tool for retailers and banks “Open Business” from Belarus. They will also be joined by travel planning app developers “MeetnGreetMe” from Belarus and two companies from Latvia - cloud technology-based internet of things solutions company “Mazzy”, and business efficiency and profitability assessment tool “Finance Flow”.

Teams from LIAA regional business incubators will also be in attendance: construction management platform “Orocon” from Jurmala, children's football platform for player data and statistics “YoPlayDo” from Daugavpils and manufacturing efficiency measurement solution “InPass” from Liepaja.

The best teams will take the stage at the Digital Freedom Festival on November 30th, and all teams will have the opportunity to participate in and attend the 2-day Digital Freedom Festival event, where they will gain valuable knowledge, establish new contacts and attract interest from potential investors.

As reported by LTV's De Facto investigative team, the utility of the business center at Rīga airport has been questioned in the past.

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